FelCor Lodging Trust Incorporated (FCH) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Sep 16, 2016.
On the company’s financial health, FelCor Lodging Trust Incorporated reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.34. The company had revenue of $237.90 million for the quarter, compared to analysts expectations of $241.22 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
FelCor Lodging Trust Incorporated opened for trading at $6.44 and hit $6.51 on the upside on Wednesday, eventually ending the session at $6.43, with a gain of 0.47% or 0.03 points. The heightened volatility saw the trading volume jump to 1,089,620 shares. Company has a market cap of $889 M.
In a different news, on Jul 6, 2016, Robert F Cotter (director) sold 15,918 shares at $6.34 per share price. According to the SEC, on May 18, 2016, Mark D Rozells (director) purchased 10,000 shares at $6.89 per share price. On Mar 4, 2016, Jonathan H Yellen (EVP, GC & Secretary) sold 12,000 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.
FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31 2014 FelCor is the sole general partner of and the owner of a greater than 99% partnership interest in FelCor Lodging Limited Partnership (FelCor LP)through which the Company held ownership interests in 48 hotels with 14435 rooms. The Company sells acquires rebrands and redevelops hotels. The Company owns DoubleTree by Hilton DoubleTree Suites by Hilton Embassy Suites Hotels Fairmont Hilton Holiday Inn Marriott Morgans Renaissance Royalton Sheraton Sheraton Suites Walt Disney World Westin Wyndham and Wyndham Grand.